Summary: March 10, 2017 Featured GuestsJohn Williams and Bill Murphy Please Listen Here Show Highlights Following a remarkable 9 week silver market rally, Bill Murphy of GATA.org says that the gold cartel is back in play in the silver market.Another likely explanation for recent volatility includes the upcoming stealth rate hike by Fed policymakers. Chairwoman Janet Yellen's comments last week startled investors.The Fed Funds Futures contracts (FFF) indicates high odds of a rate hike at the upcoming FOMC meeting, slated for March 14-15. The unexpected move will come 4 months earlier than previously forecasted by the FFF. In 2010, the silver market remained subdued for nearly a year, before staging a 200% rally. Given the bottoming price action, the market could be carving out a similar bottom. The guest and host concur that silver is destined for triple digits. According to Zero Hedge, 160 million Americans, over half the country cannot withstand a $500 emergency expense.Such a dire savings dilemma implies that only a small fraction of the populace have procurred sufficient PM ahead of the coming economic deluge. Once the herd recognizes the threat, the inelastic supply / demand conditions could result in a flock of "Black Swans." Nearly 2,000 global billionaires hold $6.5 trillion in wealth - just one billionaire like silver aficionado Hugo Salinas Price, could corner the silver market. Rogue economist, John Williams of Shadowstats.com says the Great Recession of 2008-2009 is still underway, contrary to the mainline media. Although the official national unemployment rate is steady at under 5%, the true unemployment rate is at least 4 times as high at 23%. The slight of hand requires an epic cover-up on a grand scale.John Williams outlines how the PTB accomplished the feat and the economic implications. Discouraged workers are no longer counted due to changes in the unemployment calculations making the economy in worse shape than reported. When the true inflation rate is used to deflate GDP numbers, the US has been in an unofficial recession for 16 consecutive years. Free trade has positive theoretical economic benefits, but deleterious ramifications for many high quality domestic jobs. Ultimately the economic fallout will impact the Greenback, which will collapse sending the yellow metal to at least $10,000 and perhaps many fold higher.Case in point, in Venezuela recent reports show that a silver coin suddenly buys $250 worth of groceries.Show HostChris Waltzek Ph.D. About ChrisContact Hostgsradio@frontier.com
